Hong Kong’s highest court sent tycoon Jimmy Lai back to jail, a ruling which avoids showdown with Beijing over security law for now, according to Bloomberg. Lai is fighting national…
U.K. businesses relying on 1.2 billion pounds ($1.6 billion) worth of goods crossing the border were taking no chances ahead of exit from the European Union on Thursday, reports Bloomberg.…
China’s public health authorities say the tally of COVID-19 cases in Wuhan early this year may have been almost 10 times than recorded, reports Bloomberg. About 4.4% of 34,000 tested…
Dozens of U.S. companies met their climate goals this year amidst the threats of global warming, reports Bloomberg. Now, the world is gearing up for 2021 as a more optimistic…
Investors doubt whether developed-market government bonds can continue providing both protection and diversification after a turbulent year, according to Bloomberg. Fears are imminent as investors face lower-for-longer rates despite growth…
1% of China’s top earners hold a greater share of wealth than the bottom 50% revealing huge wealth gaps, according to Bloomberg. Analysts believe that the pandemic has worsened the…
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
Investors rank potential complications with the mass vaccination efforts as the top concern for global financial markets next year. Capital market point to the likelihood of the virus mutating, possible…
Google is set for a joint venture with Saudi Arabia’s oil giant Saudi Aramco to open a “cloud region” , CNBC reports. The collaboration taps into the rapidly expanding cloud…
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
Pfizer and BioNTech agreed on Wednesday with the U.S. government to supply additional 100 million doses of COVID-19 vaccine, according to the company’s press release. The agreement brings the total…
Business newspaper Handelsblatt reported that German luxury carmaker Daimler prepares to list its trucks division, according to Reuters. The unit will be floated at the end of 2021. Daimler’s trucks…